Research on stimulus policies, support packages for businesses, and tourism business households in Vietnam

Research on stimulus policies, support packages for businesses, and tourism business households in Vietnam

Specifically, the Government of Vietnam requested the Ministry of Culture, Sports, and Tourism to coordinate with ministries, branches, and localities to study demand-stimulating policies, a package to support enterprises and tourism business households to access capital sources, and a stimulus package to submit to competent authorities for consideration and promulgation in accordance with the new situation.

At the same time, assume the prime responsibility for, and coordinate with ministries, branches, and localities in, developing a system of competitive enterprises, deeply participating in the global tourism supply chain; and diversifying tourism business models in line with development trends and requirements.

In addition, to support tourism businesses, the Government also offers the following tasks and solutions:

- The Ministry of Industry and Trade shall assume the prime responsibility for, and coordinate with ministries, branches, and localities in, studying and supplementing the customer group "tourist accommodation establishments" to apply the retail price of electricity equal to the retail price of electricity for production customers. 

- The Ministry of Finance studies and proposes preferential credit support packages, creating conditions to support tourism businesses' access to preferential loans.

- The transportation

+ Research on amending and supplementing regulations on management and coordination of landing and take-off times at airports and aerodromes (slots) in the direction of flexibly using slots in international and domestic operations of Vietnamese airlines;...

+ Coordinating with relevant ministries and branches to consider adjusting the ceiling price bracket in the short term to bring air fares to the right market mechanism, remove difficulties for Vietnamese airlines to accumulate capacity, and improve competitiveness with international airlines.

- The Vietnam Tourism Association promotes its core role, guides and supports businesses to develop and compete in a healthy way, to get rich legitimately, and to strictly comply with the law and the guidelines and policies of the Party and the Government.

More details can be found in Resolution 82/NQ-CP, dated May 18, 2023.

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE